#CRSR▶️ Music might start now! Price bouncing and creating H&S✅
Hi All, my main 3 take-outs from this analysis are the following:
1- The price is bouncing from what seems to be a right shoulder of a reversal head & shoulder, visible in 4H timeframe but even more visible smaller timeframes
2- Next resistence to look at seems to be at around 21.7$, where there is also a nice gap to be filled.
3- If we manage to break this resistence, which is also the neckline of the head & shoulder, the next technical target would be the height of the pattern, meaning at 23.7$ apprximately, trying to attack then the higher part of the descending channel
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
1- The price is bouncing from what seems to be a right shoulder of a reversal head & shoulder, visible in 4H timeframe but even more visible smaller timeframes
2- Next resistence to look at seems to be at around 21.7$, where there is also a nice gap to be filled.
3- If we manage to break this resistence, which is also the neckline of the head & shoulder, the next technical target would be the height of the pattern, meaning at 23.7$ apprximately, trying to attack then the higher part of the descending channel
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
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